I now see that being an agent isn't really all that attractive of a job for an investor (no offense meant to agents, of course).

Please don't take offense, but the experienced posters on this site prefer to answer specific questions rather than the sort of generic questions you asked.

With lending standards just now beginning to loosen from a historic tightening, I find it bizarre (and frankly, offensive) the idea that Private Mortgage Insurance will now be something that will be permanently affixed to all FHA backed loans...even long after the property has the 20-25% equity that has formerly resulted in PMI's vanishing.It's as simple as this: If the bank is going to hold potential homeowners to high standards, that is fine by me but stand by your underwriting process.

Ask more questions.Here's an excerpt from our rental criteria.LEGAL/CRIMINAL HISTORY1.Criminal offenses of a violent nature against either person or property will result in denial.2.Applicants with a non-violent criminal misdemeanor that occurred more than two years ago or a non-violent criminal felony that occurred more than five years ago may be considered if restitution for their crime was made in full and all time was served.Also, we may require an additional security deposit and demonstration of good employment history, credit history, and rental history since the time of the crime.Multiple offenses may result in denial regardless of what the employment, credit and rental history shows.

No offense taken. 

I didn't think I was being offensive but ok.

In the end it was less than I expected.No offense to Brokers.

No offense taken .

No offense but you don't know what you don't know enough to be ready for a complex this large.20% is on the low end for what you need initially, you have to have enough money for reserves, insurance, taxes, capex, etc...

I certainly did not mean any offense by the prior remarks I made.